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safcpa
Level 3
April 3, 2021
Question

Are you deducting investment management fees on fiduciary returns

  • April 3, 2021
  • 3 replies
  • 16 views
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3 replies

sjrcpa
sjrcpa
Level 15
April 3, 2021

Only for accounting income purposes, not as a tax deduction.

The more I know the more I don’t know.
    BobKamman
    BobKamman
    Level 15
    April 3, 2021

    Depends on the facts and circumstances

      S
      strongsilence
      Level 10
      April 3, 2021

      California allows 2% deductions. 

      sjrcpa
      sjrcpa
      Level 15
      April 3, 2021

      My answer was for federal. CA is different. NY, too.

      The more I know the more I don’t know.
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